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Gold/Mining/Energy : Gold Price Monitor

GDXJ 112.58

-1.5%

Dec 15 4:00 PM EST

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To: pater tenebrarum who wrote (56224)	7/14/2000 12:32:13 PM
From: Crimson Ghost	Read Replies (2) of 116815

Agree re: GATA There is almost no chance of the boys losing control as long as the current paradigm of a strong dollar and ultra low lease rates persist. That means gold is effectively capped at $290-295 and the XAU at 60-65. The big gold bull that we all hope for can only occur when the dollar enters a major and sustained bear market and/or the European CBs stop leasing gold at absurdly low rates. Given the huge short positions outstanding, I am absolutely confident that gold will go to the moon SOME DAY. But that day could still be years away. Just no way to predict when it will arrive. And until then the upside in gold and gold shares will remain extremely limited.

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